Quote:
Originally posted by Fake Nick
prices increased ARTIFICIALLY
there were laws that forbade the store owners to do this , but many did it anyways
|
If prices increased, but it's not inflation, then what is it? I thought that was the very definition of inflation.
According to the book "Economics: Principles and Applications", the definition of inflation rate is as follows: The percent change in the price level from one period to the next.
Isn't this exactly what happened, prices went up?
__________________
Alt Journals, Blogs for Perverts!
Fitness and nutrition writer, and UNIX/Linux Sys Ad in training
"Just as a man who has fallen into a heap of filth ought to seek the great pond of water covered with lotuses, which is near by: even so seek thou for the great deathless lake of Nirvana to wash off the defilement of wrong. If the lake is not sought, it is not the fault of the lake."